lowtrade

[lowtrade]

You know I was thinking about my comment on SRGL being a waste of time and thought I could add a trading style comment which actually buys these walk down to .0001 stocks.

The trade plan is eventually someone will buy the empty shell. So eventually the price will increase. And there are traders which buy and hold long. I tried it for a few years in mid 2000/2010. Put $100 into (10) .0001/.0002 stocks and waited for reverse mergers. As I recall 4 gave me 5 to 10x in a year. 3 in 2 years and 2 I closed at even year 2. Many which play this game put more cash in. But I have no idea if their results were any where near mine. Or if my results would repeat, if I continued playing the 2yr hold plan.


The investment strategy is if you can eventually get them at .0001 it's a good investment. Worst case break even. Unless it is removed from the market. And if in @ .0002, worst case is 50% loss, unless it is removed from the market. Only down fall is it ties up cash which gets no interest. And could be sitting in a high divvy REIT.

Food for thought. I don't do this now. Maybe I should think about it again. LOL I own one which is at .0001 now PCFG, but at .0006 maybe I should average down. LOL